Blackburn has emerged as the top-most region for the highest rental yield in the UK, according to the latest Buy-to-Let (BTL) Index released by online mortgage lender LendInvest. The second and third spots are occupied by Carlisle and Gloucester respectively.
The average rental yields in Blackburn (Lancashire) increased from 4.13 per cent to 5.69 per cent while average property price is £95,000, one of the cheapest in the UK property market. Carlisle registered an increase of 4.73 per cent (from 3.47 per cent) in rental yield while that of Gloucester 4.07 per cent (from 3.4 per cent). Halifax and Cardiff occupied the fourth and fifth positions respectively, according to the BTL Index.
These top 5 regions were followed by Oldham, Lincoln, Cleveland, Oxford and Blackpool. The BLT Index provides an excellent overview of the BTL market in the UK. These regions are bound to attract the attention of investors, especially from foreign countries, as property prices in some of the areas are cheap compared to London while the rental yield is high.
Some of the regions where average rental yields have fallen are Durham, Chester, Croydon, Stevenage and Tunbridge Wells.
The BLT Index can be used as a reference guide by prospective investors before making a decision on acquiring a property to let. Strawberry Star can help you find a suitable BLT property in these regions. For more information, contact any of our offices in London.
Blackburn in Lancashire took top spot, after average rental yields rose from 4.13% to 5.69% – an increase of an astonishing 37.8%. Blackburn is also the cheapest area within the Top 10 for property buyers, with average house prices of just £95,000.